
FSC Heeds Public Opinion, Extends Personal Debt Settlement Mechanism to End of December 2023
Earlier, in response to the impact of the COVID-19 pandemic on personal finances, the FSC issued letters on February 18, May 29, and December 25, 2020, and on June 2 and November 30, 2021, and May 19, 2022, asking banks to offer measures such as deferred payment or a 3-to-6-month extension to those facing difficulty repaying loans due to the pandemic.








